Front Range Biosciences Raises $8.5 Million in Insider Round

Front Range Biosciences® ("FRB"), announced that it has completed an $8.5 million Insider Round with participation from key investors including Militello Capital, Welcan Capital, AFI Capital, Phyto Partners, Harvard Business School Alumni Angels of New York, New York Angels, Sand Hill Angels XVI, LLC, Arcadian Capital Management, Halley Venture Partners LP and Salveo Capital, as well as other returning investors. The round was oversubscribed with tremendous support from existing investors, highlighting the company's growth trajectory from those who know FRB best. The Insider Round increases FRB's pace of expansion for its Clean Stock® program, breeding program and intellectual property portfolio.

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Sean Doyle
The ABCs of CBD Lab Testing

“There are many types of cannabis and hemp products, and each has important things to look for on a test result,” said Josh Wurzer, President of Salveo Capital portfolio company SC Laboratories. “For CBD products, the first thing is the actual concentration or amount of CBD delivered per dose. Research suggests the effects of CBD are highly dose-dependent, and more is not necessarily better. What is more important is to find a dose that works for [the user] and try to hit that dose consistently, making small changes and noting the effects.”

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Sean Doyle
Fifteen Powerful And Innovative Women In Cannabis Right Now

Andrea Cabral is the CEO of Ascend Massachusetts, a Salveo Capital portfolio company. Her leadership in Ascend follows a 28-year career in government and public service. Most recently, she served as the Commonwealth’s Executive Secretary of Public Safety in the Administration of Governor Deval Patrick where she oversaw 14 statewide public safety agencies, including the Massachusetts State Police, the Department of Correction, the Massachusetts Emergency Management Agency, the Parole Board and the Massachusetts National Guard.

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Sean Doyle
Headset Launches Its Popular Cannabis Market Intelligence Tool, Headset Insights, in Canada

Salveo Capital portfolio company Headset, the leading provider of data and analytics to the cannabis industry, announced it is launching its competitive intelligence tool, Headset Insights, in Canada. Recreational cannabis has been legal country-wide in Canada since October 2018, and the young and growing market is still developing. This will be Canada's first retail-derived cannabis market read based on aggregated Point of Sale data at the receipt-level.

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Sean Doyle
Quarter Brands Partners with HERBL Distribution Solutions

Quarter Brands, California’s coolest value-vaporizer offering a potent, 250mg ready-to-vape experience, announced an exclusive partnership with industry-leading distributor and Salveo Capital portfolio company HERBL Distribution Solutions. Under this newly minted partnership, HERBL will leverage its vast network of 400-plus licensed dispensaries to distribute flagship products from Quarter Brands.

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Sean Doyle
Five Succinct Questions With Michael Steinmetz- Founder: Flow Kana

“I'm a big fan of Flow Kana (a Salveo Capital portfolio company). They have taken the axiom of outdoor grown, sun drenched cannabis flowers and given the word craft, at least in the cannabis world new meaning. Craft cannabis means micro-farming in smaller amounts, not massive corporate grows. Craft cannabis means to me the similar approach to craft spirits. Something hand-made, with love. Flow Kana empowers the small growers with the art and science of cannabis growing. They have given new meaning to the word, craft. “ - Warren Bobrow, Forbes contributor

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Sean Doyle
Front Range Biosciences Enters Collaborative Licensing Agreement with Steep Hill, Acquires Genomics Research & Development Team

"The Steep Hill R&D team is among the top three cannabis genomics groups in the world, and we are very excited to welcome them to FRB," said Dr. Jonathan Vaught, CEO and Co-Founder of Salveo Capital portfolio company Front Range Biosciences ("FRB"). "This acquisition is a major value inflection point for FRB, as the intellectual property we acquired significantly expands the value of our current portfolio and provides a multi-year leap in the speed of our IP filings. We look forward to strengthening the viability of the cannabis industry with such a monumental collaboration between leaders of agricultural sustainability through science."

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Sean Doyle
These Are the 'QuickBooks' of the Cannabis Business

Cannabis companies -- like any other firm -- rely on software to help handle sales and the keep the books in order, and it turns out just five are dominant players in the scene. California has seen a surge in point-of-sale vendors as the market has grown 55% to 28 from 18. Counting just "active" licenses, with Salveo Capital portfolio company Treez leading the way followed by Indica Online and BioTrack.

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Sean Doyle
Headset Inc. Announces Partnership with PAX Labs for Better Inventory Management

"We chose to integrate with Headset (a Salveo Capital portfolio company) because they have one of the best VMI platforms in the market, with the most comprehensive data analytics and reporting dashboards," said Kristen Winterbotham, Director, Commercial Enablement at PAX Labs. "We're excited to be able to seamlessly provide our brand partners with the insights they need to grow their businesses while ensuring that our consumers have access to the products they know and love."

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Sean Doyle
Craft cannabis, capitalism & for-profit co-ops: Q&A with Flow Kana CEO Michael Steinmetz

Steinmetz, the Salveo Capital portfolio company’s CEO, likens his business to ones such as Sunkist, Uber, Lyft, Whole Foods and others where a centralized entity aggregates and supports small distributors and shares the profits. In essence, they are for-profit co-ops. So far, Steinmetz has successfully twinned capitalism and craft. Is this a model for the future? Marijuana Business Daily spoke with Steinmetz about this and other topics.

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Sean Doyle
Infusing marijuana with data: Cannabis industry vets aim to clear the haze in a booming industry

Salveo Capital portfolio company Headset is riding a wave of cannabis industry growth. This past January, the company raised $12.1 million to help expand its business. Two months later the company inked a key partnership with Deloitte and Nielsen to provide U.S. and Canadian pot manufacturers with a deep-dive into how their customers think about cannabis, how often they use it and which brands they buy, among other data.

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Sean Doyle
How Colorado hemp and cannabis companies are using innovation to boost crop yields

“[Farmers] need to use seeds and young plants that will adapt to a specific region, climate and utilize as little excess resources as possible,” Jonathan Vaught, CEO and co-founder of Front Range Biosciences, a Salveo Capital portfolio company. The Lafayette-based agricultural biotech company serves coffee, hemp and cannabis producers. The company uses technology to improve plant breeding, eliminate pests and abolish plant diseases.

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Sean Doyle
Under-the-Radar Largest Remaining Private American Cannabis Operator Goes Deep Rather than Wide

Eighteen months ago, Salveo Capital portfolio company Ascend Wellness Holdings didn’t exist, but already it is executing on an aggressive limited license market strategy and taking a different approach than many early mover MSOs. Founder and CEO Abner Kurtin spoke with New Cannabis Ventures about the company’s strategy to become a top player, the ramp-up of its operations and plans for a potential public listing.

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Sean Doyle
Coda Signature CO2 Oil Recognized as one of Colorado’s Top Concentrates in Rooster Magazine’s 710 Showdown

“This is so gratifying—for the third time in the past year our concentrates have won recognition from aficionados and experts in the industry,” said Elizabeth Cooke, Co-Founder and President of Salveo Capital portfolio company Coda Signature. “As the Coda Signature brand expands from its origins in luxury edibles into topicals and concentrates, these awards prove we’re fulfilling our brand promise of bringing customers best-quality cannabis products, no matter the category.”

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Sean Doyle
Coda Signature Co-Founder and CEO Mark Grindeland Speaking at NCIA Cannabis Business Summit & Expo 2019

“As the Coda Signature brand expands into California, the world’s biggest legal cannabis market, I look forward to sharing with my colleagues lessons I’ve learned about how to create a solid foundation for a cannabis brand that will endure,” said Mr. Grindeland, CEO of the Salveo Capital portfolio company.

Mr. Grindeland was recognized as one of the top 10 MVPs in the cannabis industry at the 2018 Cannabis Business Awards presented by Clover Leaf University, and the company received the 2019 NCIA Excellence in Innovation Award for Infused Products and Extractions at the Boston Seed-to-Sale Show earlier this year.

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Sean Doyle
Wurk Serves the Cannabis Industry’s Top U.S. Multi-State Operators

Green Market Report has compiled a list of some of the largest Multi-State Operators (MSO’s) in the country, and Salveo Capital portfolio company Wurk is proud to be supporting 5 of the 12 included in this list. As the cannabis industry rapidly progresses, Wurk has helped MSO's successfully navigate numerous mergers and acquisitions by effectively supporting massive workforce growth.

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Sean Doyle